Carlyle Group Inc. (NASDAQ:CG) Receives Consensus Rating of “Hold” from Analysts

Shares of Carlyle Group Inc. (NASDAQ:CG) have received a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and seven have given a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $62.00.

A number of equities research analysts have issued reports on the company. Morgan Stanley lowered their price target on Carlyle Group from $71.00 to $66.00 and set an “equal weight” rating for the company in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lowered their price target on Carlyle Group from $66.00 to $63.00 and set a “neutral” rating for the company in a research report on Friday, May 8th. BMO Capital Markets lowered their price target on Carlyle Group from $65.00 to $58.00 and set an “outperform” rating for the company in a research report on Tuesday, March 24th. Barclays lowered their price target on Carlyle Group from $67.00 to $63.00 and set an “overweight” rating for the company in a research report on Friday, May 8th. Finally, Cfra lowered shares of Carlyle Group to a “sell” rating and set a $45.00 target price on the stock. in a report on Friday, May 8th.

Carlyle Group Stock Performance

Carlyle Group stock opened at $45.09 on Friday. The firm has a market capitalization of $16.23 billion, a P/E ratio of 30.88, a PEG ratio of 1.56 and a beta of 1.89. The stock has a fifty day moving average price of $48.22 and a 200 day moving average price of $53.67. Carlyle Group has a 52 week low of $43.98 and a 52 week high of $69.85. The company has a current ratio of 2.55, a quick ratio of 2.55 and a debt-to-equity ratio of 1.92.

Carlyle Group (NASDAQ:CG) last posted its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.91 by ($0.02). Carlyle Group had a net margin of 13.46% and a return on equity of 20.95%. The firm had revenue of $750.90 million for the quarter, compared to analysts’ expectations of $1.01 billion. During the same period last year, the firm posted $1.14 EPS. Carlyle Group’s revenue was down 28.0% on a year-over-year basis. Equities research analysts anticipate that Carlyle Group will post 4.05 earnings per share for the current year.

Carlyle Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, May 28th. Stockholders of record on Monday, May 18th were given a $0.35 dividend. The ex-dividend date of this dividend was Monday, May 18th. This represents a $1.40 annualized dividend and a dividend yield of 3.1%. Carlyle Group’s dividend payout ratio is presently 95.89%.

Insider Buying and Selling at Carlyle Group

In other news, Director David M. Rubenstein sold 500,000 shares of the company’s stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $46.68, for a total value of $23,340,000.00. Following the completion of the sale, the director owned 27,399,644 shares of the company’s stock, valued at $1,279,015,381.92. This represents a 1.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 26.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Carlyle Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Regents of The University of California purchased a new stake in shares of Carlyle Group in the first quarter worth about $73,360,000. Western Wealth Management LLC purchased a new stake in shares of Carlyle Group in the first quarter worth about $52,000. Arkadios Wealth Advisors boosted its position in shares of Carlyle Group by 1.8% in the first quarter. Arkadios Wealth Advisors now owns 18,621 shares of the financial services provider’s stock worth $901,000 after buying an additional 332 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Carlyle Group by 27.9% in the first quarter. Sunbelt Securities Inc. now owns 2,290 shares of the financial services provider’s stock worth $111,000 after buying an additional 500 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Carlyle Group by 39.7% in the first quarter. EverSource Wealth Advisors LLC now owns 1,876 shares of the financial services provider’s stock worth $91,000 after buying an additional 533 shares during the period. Hedge funds and other institutional investors own 55.88% of the company’s stock.

About Carlyle Group

The Carlyle Group (NASDAQ: CG) is a global alternative asset manager that invests across a range of strategies including private equity, real assets (such as real estate and infrastructure), global credit, and investment solutions. Founded in 1987 and headquartered in Washington, DC, Carlyle raises and manages investment funds that acquire, operate and exit companies and assets on behalf of institutional and private investors. The firm is publicly traded on the Nasdaq exchange and operates as an asset manager and investment advisor rather than as an operating company.

Carlyle’s core activities include sourcing and executing private equity buyouts and growth investments, originating and managing credit and financing solutions, and acquiring and operating real asset portfolios.